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The Latest Breaking News from SPR

Crude Erases Early Gains as U.S. Delays Refilling SPR

May WTI crude oil (CLK23 ) on Thursday closed down -0.94 (-1.33%), and May RBOB gasoline (RBJ23 ) closed up +1.27 (+0.49%). Crude oil and gasoline prices Thursday fell back from 1-week highs and settled mixed. A recovery in the dollar Thursday sparked long liquidation in crude futures after the...

Barchart

US to sell 26 million more barrels from strategic oil reserve

The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, fulfilling budget directives mandated years ago that it had sought to stop as oil prices have stabilized.

Tribune News Service

House GOP aims to tie oil reserve sales to public land drilling

WASHINGTON — The House on Wednesday may begin consideration of a bill that would alter the president’s authority to tap the Strategic Petroleum Reserve. President Joe Biden has said he would veto it.

Tribune News Service

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House GOP aims to tie oil reserve sales to public land drilling - Roll Call

The House is expected to consider legislation that would limit sales from the Strategic Petroleum Reserve.

Roll Call

Republicans Want More Control Over America's Oil Reserve. They Should Scrap It Instead.

The Strategic Petroleum Reserve is supposed to insulate the U.S. from oil embargoes and foreign wars. More often, it has been used like an insurance policy for private companies.

Reason

U.S. House passes bill banning exports of reserve oil to China

The U.S. House of Representatives overwhelmingly passed a bill on Thursday to ban releases of oil from the U.S. Strategic Petroleum Reserve from being exported to China, though the measure faces an uncertain future in the Senate.

Reuters

White House begins plan to refill US emergency oil reserves

WASHINGTON — The Biden administration is making good on a plan to replenish the nation’s emergency oil reserves, starting with a 3 million barrel purchase of crude.

Tribune News Service

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Using the Strategic Petroleum Reserve strategically

Putting oil into the stockpile is just as good as taking it out.

Axios

Dracula at 125: how Bram Stoker's vampire is a monstrous creation of terrifying sleep disorders

Having celebrated the 125th anniversary of its 1897 publication earlier this year, Dracula is deservedly considered a classic – not least for the way its eponymous vampire remains a cultural icon. Bram Stoker’s novel has prompted a wide variety of critical interpretations, from the existential dread of cursed immortality to…

The Conversation

House Republicans launch probe of Biden’s oil reserve release

WASHINGTON — House Republicans are launching an investigation into what they say could be the “potential misuse” by the Biden administration of the nation’s emergency oil reserves to lower gasoline prices, as well as White House deliberations over a fuel export ban.

Tribune News Service

Editorial: Biden’s economic record an albatross for Democrats

As the November election looms, Democrats are in desperation mode, particularly as inflation and high gasoline prices dog voters as they cast their ballots. The president’s response has been to deny reality.

Tribune News Service

GOP pans oil reserve sale despite a long and bipartisan history

WASHINGTON — After the Biden administration announced the latest sale of crude oil from the Strategic Petroleum Reserve to put a damper on pump prices earlier this week, Republican lawmakers called the move a stunt to mollify gasoline price-sensitive voters before the election in November.

Tribune News Service

GOP pans oil reserve sale despite a long and bipartisan history - Roll Call

Presidents from both parties have ordered sales from the Strategic Petroleum Reserve to soften spikes in gas prices.

Roll Call

Biden's Plan To Help Taxpayers At The Gas Pump Comes As Strategic Reserves Fall To 1984 Levels

President Joe Biden announced on Oct. 19 the release of 15 million barrels of oil from the strategic petroleum reserve (SPR) due to recent production cuts announced by the OPEC + coalition.

Benzinga

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Tribune News Service

Biden open to new oil reserve sales as last tranche released

The Biden administration plans to release 15 million barrels from US emergency reserves and may consider freeing up significantly larger additional supplies this winter as it tries to ease high gasoline prices that have become a liability for Democrats in next month’s midterm elections.

Axios

Biden taps oil reserve in attempt to curb gas prices

It's the latest of several attempts by the Biden administration to try and tame gas prices via the SPR.

WEKU

Biden is releasing 15 million barrels from the strategic oil reserve to tame prices

The Department of Energy has another 400 million barrels in its strategic reserves, which the White House said it can pull from in the future if necessary.

Axios

Biden to announce release of oil in bid to curb gas prices

It's the latest of several attempts by the Biden administration to try and tame gas prices via the SPR.

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The Independent UK

Biden to authorise more releases from US petrol reserves

US president will announce new actions to address oil and gas prices in a speech on Wednesday

USAFacts

Did releasing oil from the Strategic Petroleum Reserve impact gas prices?

Our nation, in numbers. USAFacts provides a comprehensive, nonpartisan view of the state of our union.

Tribune News Service

Biden team weighs new oil release among steps to rein in prices

WASHINGTON — Officials within President Joe Biden’s administration are hunting for ways to head off a feared spike in oil prices later this year, including the possibility of an additional release from the nation’s emergency crude reserves.

Benzinga

Short Volatility Alert: Spirit AeroSystems Holdings, Inc.

On Friday, shares of Spirit AeroSystems Holdings, Inc. (NYSE: SPR) experienced volatile short activity. After the activity, the stock price went up +3.52% to $30.33. The overall sentiment for SPR has been Bearish.

Benzinga

Sierra Space, Spirit AeroSystems Team To Bring Affordable Space Systems To Market

Sierra Space and Spirit AeroSystems, Inc. (NYSE:SPR) have established a long-term strategic partnership to bring affordable space systems to market. Sierra Space is a commercial space company building platforms in space to benefit life on Earth. As per the LoI, Spirit Defense & Space will assist in developing and producing future affordable Shooting Star…

TechRadar

Sprout Social review

Sprout Social is a powerful social media management platform combining AI tools, deep analytics, and a clean interface for growing teams.

Benzinga

Spirit AeroSystems Clocks 30% Revenue Growth In Q1

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) reported first-quarter revenue growth of 30% year-over-year to $1.18 billion, beating the consensus of $1.09 billion. This increase reflects higher production deliveries on the Boeing Co (NYSE:BA) 737, Airbus SE (OTC:EADSY) A220, and Airbus A320 programs and increased Aftermarket revenue, partially offset by lower production volume on the Boeing 787 program.…

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